Xponance Inc. Acquires 194 Shares of Curtiss-Wright Co. (NYSE:CW)

Xponance Inc. raised its holdings in Curtiss-Wright Co. (NYSE:CW) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,320 shares of the aerospace company’s stock after purchasing an additional 194 shares during the period. Xponance Inc.’s holdings in Curtiss-Wright were worth $1,533,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. YANKCOM Partnership acquired a new position in shares of Curtiss-Wright in the 4th quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at approximately $53,000. UMB Bank n.a. raised its position in shares of Curtiss-Wright by 61.0% in the 4th quarter. UMB Bank n.a. now owns 169 shares of the aerospace company’s stock valued at $60,000 after buying an additional 64 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at approximately $59,000. Finally, Morse Asset Management Inc acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at approximately $69,000. Institutional investors own 82.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CW shares. Citigroup started coverage on shares of Curtiss-Wright in a research report on Tuesday, January 21st. They set a “buy” rating and a $410.00 price objective for the company. Truist Financial upped their price objective on shares of Curtiss-Wright from $333.00 to $357.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Curtiss-Wright in a research report on Thursday, December 5th. They set a “buy” rating and a $452.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $386.86.

Insider Buying and Selling at Curtiss-Wright

In other news, CFO K Christopher Farkas sold 2,453 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.00, for a total value of $851,191.00. Following the sale, the chief financial officer now directly owns 12,712 shares of the company’s stock, valued at approximately $4,411,064. This represents a 16.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John C. Watts sold 622 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $347.05, for a total transaction of $215,865.10. Following the completion of the sale, the vice president now directly owns 5,072 shares in the company, valued at approximately $1,760,237.60. This represents a 10.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 116 shares of company stock worth $35,278 and sold 21,797 shares worth $7,436,255. Corporate insiders own 0.67% of the company’s stock.

Curtiss-Wright Trading Down 0.6 %

Shares of NYSE CW opened at $325.62 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.19 and a current ratio of 1.69. Curtiss-Wright Co. has a 52-week low of $246.43 and a 52-week high of $393.40. The firm has a 50 day moving average price of $337.26 and a two-hundred day moving average price of $345.53. The stock has a market cap of $12.26 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.15. Curtiss-Wright had a net margin of 12.98% and a return on equity of 17.11%. As a group, equities analysts forecast that Curtiss-Wright Co. will post 12.32 EPS for the current year.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Thursday, March 27th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.26%. The ex-dividend date is Thursday, March 27th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 7.96%.

About Curtiss-Wright

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.